On Thursday, the U.S. Postal Service unveiled that it will chop down the jobs with offers and discharge of buyouts. Looks like they will be axing 7,500 jobs and shutting down 2,000 post offices over the next 12 months as it handles less mail and and more competition.
The first round of job cuts are expected to be completed by May 31. As part of the first round of cuts, the Postal Service said it was offering voluntary early retirement of $20,000 paid over two years to employees 50 years old with 20 years of service, or any age with 25 years of service. 7,500 people in all will lose their jobs.